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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.26 per cent higher at 17,529, signalling that Dalal Street was headed for a positive start on Thursday.
Asian markets were mixed as market participants took a more cautious posture ahead of key US inflation data and uncertainties around the outlook for interest rates. Nikkei was up 0.07% and Topix rose 0.05%. Hang Seng fell 0.28% and CSI 300 was down 0.38%.
Indian rupee fell 6 paise to 74.81 against the US dollar on Wednesday.
Upcoming Earnings
Hero MotoCorp, Mahindra & Mahindra, Hindalco Industries, Tata Chemicals, Zomato, ABB India, Aegis Logistics, Amara Raja Batteries, Alembic Pharmaceuticals, BEML, Bharat Forge, Computer Age Management Services, Cummins India, Gujarat Pipavav Port, Gujarat State Petronet, Hindustan Aeronautics, IRB Infrastructure Developers, Indian Railway Finance Corporation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Mindspace Business Parks REIT, MRF, MTAR Technologies, Novartis India, Page Industries, Quess Corp, Reliance Power, SJVN, Speciality Restaurants, Strides Pharma Science, Sundram Fasteners, Sunteck Realty, Sun TV Network, Trent, Titagarh Wagons, Welspun Corp, Whirlpool of India, West Coast Paper Mills, and Zee Media Corporation
FII/DII Trading Data (09-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 6152.38 | 7045.02 | (892.64) |
| DII | 7021.37 | 5228.02 | 1793.35 |
| *All numbers are in INR crore | |||
Stocks in News Today
Tata Power: The company posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the Oct-Dec quarter on the back of higher revenues. Consolidated PAT (profit after tax) was up by 74 per cent YoY year at Rs 552 crore as against Rs 318 crore in Q3FY21. Consolidated revenue also rose by 42 per cent to Rs 11,015 crore in Q3FY22, from Rs 7,756 crore in Q3FY21.
Power Grid Corporation of India Ltd: The state-run company’s consolidated net profit declined by 2.2 per cent to Rs 3,292.97 crore in the October-December quarter compared to Rs 3,367.71 crore in the year-ago period. Total income of the company rose to Rs 10,723.61 crore in the quarter from Rs 10,359.48 crore in the same period a year ago.
Steel Authority of India Ltd (SAIL): The company reported a 4.1 per cent rise in consolidated net profit at Rs 1,528.54 crore for the October-December period of FY22, as against a consolidated net profit of Rs 1,468.20 crore in the year-ago period. Its consolidated income during the quarter increased to Rs 25,398.37 crore in Q3FY22, from Rs 19,997.31 crore in the same quarter a year ago.
Bharti Airtel: The telco’s chief executive officer Gopal Vittal indicated that there may be another hike in tariff in 2022 as the telecom sector battles rising cost and prepares for rollout of 5G services. He added that he expects a tariff hike some time in 2022 and that could happen after 3-4 months depending on subscriber growth and competitive dynamics.
ACC Ltd: The cement maker on Wednesday reported a 40.55 per cent decline in its consolidated net profit to Rs 280.85 crore for the fourth quarter ended on December 2021. The company had posted a profit of Rs 472.44 crore in the October-December quarter a year ago. Its total revenue from operations during the quarter under review was at Rs 4,225.76 crore, up 1.95 per cent compared to Rs 4,144.72 crore in the corresponding period of the last year.
NHPC: The state-run company has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan. A Letter of Intent (LoI) has been signed between NHPC Limited and Rajasthan Renewable Energy Corporation Ltd (RRECL) in the presence of Chief Minister of Rajasthan Ashok Gehlot.
Aurobindo Pharma: The drugmaker said its consolidated net profit declined by 22.3 per cent to Rs 604.29 crore for the third quarter ended December 2021, due to high input and freight costs. It had reported a consolidated net profit of Rs 777.3 crore in the same period of previous fiscal. Revenue from operations declined by 1 per cent to Rs 6,002.2 crore as against Rs 6,064.8 crore in the same period of last financial year.
Berger Paints India Ltd: The company reported an eight per cent decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter as against a net profit of Rs 274.98 crore during the corresponding quarter last year. Its revenue from operations during October-December 2021 jumped 20.42 per cent to Rs 2,550.77 crore, compared with Rs 2,118.19 crore in the year-ago period.
FSN E-Commerce Ventures Ltd (Nykaa): The company’s consolidated net profit fell to Rs 28 crore in the third-quarter ended Dec 2021, from Rs 69 crore in the same period a year ago. Revenue from operations rose 36% to Rs 1,098 crore from Rs 808 crore. The decline in profit was due to rise in expenses and subdued demand for personal care and fashion products.
D B Realty: The real estate developer will allot 5 crore warrants to investors, including Rakesh Jhunjhunwala and his wife, after Godrej Properties cancelled its plans to invest Rs 700 crore in the company to pick up 10 per cent stake and set up a joint platform. The company will raise Rs 1,575 crore through issue of warrants in multiple tranches to the promoter group and other investors, as part of its plan to become debt free.
GMR Infrastructure Limited: The company reported a consolidated net loss of Rs 515.34 crore for the quarter ended December 2021 as against a consolidated net loss of Rs 1,120.51 crore in the year-ago period. The consolidated revenue from operations in the latest quarter under review rose to Rs 1,437.84 crore compared to Rs 963 crore in the same period a year ago.
Spencer’s Retail Ltd: The company reported a consolidated net loss to Rs 26.77 crore for the third quarter ended December 2021 as against a net loss of Rs 29.63 crore in the October-December period a year ago. Revenue from operations dipped 7.13 per cent to Rs 624.06 crore during the quarter under review as against Rs 671.98 crore in the year-ago period.
New Delhi Television Ltd (NDTV): The media firm reported a 31.64 per cent increase in its consolidated net profit to Rs 29.87 crore for the third quarter ended December 2021 compared with a net profit of Rs 22.69 crore during the October-December quarter a year-ago. Its revenue from operations was up 9.94 per cent to Rs 116.36 crore during the quarter under review as against Rs 105.83 crore in the corresponding period of the previous fiscal.
Prestige Estates Projects Ltd: The realty firm reported a 59 per cent increase in its consolidated net profit to Rs 93.3 crore for the quarter ended December as against a net profit stood at Rs 58.7 crore in the year-ago period. Total income declined to Rs 1,396 crore in the third quarter of the fiscal from Rs 1,928.2 crore in the corresponding period of the previous year.
GE Power India: the company reported a consolidated net loss of Rs 34.12 crore in the December 2021 quarter as against a consolidated net profit of Rs 35.09 crore in the year-ago quarter. Its total income during October-December 2021 dipped to Rs 798.29 crore, compared with Rs 1,143.13 crore in the year-ago period.
Essar Shipping: The company reported a consolidated net loss of Rs 5.59 crore for the quarter ended December 2021 as against a loss of Rs 181.88 crore in the corresponding quarter a year ago. Its total income from operations during October-December 2021 quarter declined to Rs 93.72 crore, from Rs 103.02 crore in the year-ago period.
DCB Bank: The private lender’s net profit fell by 21.9 per cent year on year (YoY) at Rs 75 crore for the third quarter ended December 2021 as against Rs 96 crore in Q3FY21. Net Interest Income (NII) rose marginally to Rs 345 crore in Q3FY22 as against Rs 335 crore in Q3FY21. Its Gross NPAs moved up to 4.73 per cent in December 2021 from 1.96 per cent in the year ago period.
Pricol: The automotive technology company reported a standalone profit after tax at Rs 13.31 crore for the quarter ending December 2021. The company reported standalone PAT at Rs 19.34 crore during the corresponding quarter previous year.